John Chan
Which out of state market to invest in?
1 January 2020 | 10 replies
Some of the metrics that I find valuable to understand are:- Population Total- Population Age- Home Values- Household Incomes- Rental Vacancy Rate- Homeowner Vacancy Rate- Poverty Rate- Educational Attainment Rate (High School/GED & Bachelors)- Number of Housing Unit- Rent to Income Ratio- Rent to Price Ratio- Population on SNAPS (supplemental nutrition assistance program) percentage- Property Tax Rate- Median Age of Buildings- Number of Structures by Units (SFR, Duplex, Triplex, Quadplex, etc...)- Median Rents by Number of Bedrooms- Unemployment Rate- Employment Sectors Percentages- Number of Building Permits Issued- Foreclosure Rate- School Ratings- Crime StatisticsWhen you consider all the variables listed above you will be better able to judge a locations tenant quality.Also take into consideration the direction in which each of these market indicators are trending.
Danni Catambay
House hack locally or BRRRR out of state?
23 October 2019 | 5 replies
A typical MLS listing might be a 1930's 2/1 for $160K with an estimated market rent of $1200 and at least one structural issue (leaking/cracked foundation, expired roof, insufficient septic, old wiring)HOWEVER!
Ashley Deer
Realtor taking forever
31 October 2019 | 7 replies
Hey Ashley, This does sound like a lot of time just to set a meeting and receive property listings.The only reason I can think of for this taking so long is insufficient information.
Christopher Nemlich
Cashout Refi reason being asked
18 December 2019 | 6 replies
The more risk factors like bad credit, large debts or insufficient income, the more likely they will deny the loan.
Nathan Gesner
What is the most common excuse you hear as a Landlord?
22 December 2019 | 30 replies
Of course, the ACH payment always comes back with a notice of insufficient funds, not some other indication of problem.
Anil Kumar Samala
Eviction Process for Johnston County, NC
20 December 2019 | 1 reply
I know what you are thinking but yes that was the first and biggest mistake I learned ( taking personal checks).The first month check was returned due to insufficient funds.
Bryan Mitchell
To Keep a Tenant of Not, That’s the Question
19 December 2019 | 10 replies
The only time there's a problem is if they are overdrawn/insufficient funds, in which case you know within a day or two vs. waiting 10-20 days for a check to bounce or listening to endless promises that "I'll pay you in a few days..."
Neil Narayan
Real estate is still the best investment you can make today :)
20 December 2019 | 8 replies
Some call that an insufficient sample size.
Darren Crawford
RE: HOW TO UNDERSTAND A REAL ESTATE MARKET YOU DON'T LIVE IN !!!
5 January 2020 | 4 replies
Some of the metrics that I find valuable to understand are:- Population Total- Population Age- Home Values- Household Incomes- Rental Vacancy Rate- Homeowner Vacancy Rate- Poverty Rate- Educational Attainment Rate (High School/GED & Bachelors)- Number of Housing Unit- Rent to Income Ratio- Rent to Price Ratio- Population on SNAPS (supplemental nutrition assistance program) percentage- Property Tax Rate- Median Age of Buildings- Number of Structures by Units (SFR, Duplex, Triplex, Quadplex, etc...)- Median Rents by Number of Bedrooms- Unemployment Rate- Employment Sectors Percentages- Number of Building Permits Issued- Foreclosure Rate- School Ratings- Crime StatisticsWhen you consider all the variables listed above you will be better able to judge a locations tenant quality.Also take into consideration the direction in which each of these market indicators are trending.
Andrew Shelton
Criteria considered when looking for a new rental market?
8 January 2020 | 6 replies
Some of the metrics that I find valuable to understand are:- Population Total- Population Age- Home Values- Household Incomes- Rental Vacancy Rate- Homeowner Vacancy Rate- Poverty Rate- Educational Attainment Rate (High School/GED & Bachelors)- Number of Housing Unit- Rent to Income Ratio- Rent to Price Ratio- Population on SNAPS (supplemental nutrition assistance program) percentage- Property Tax Rate- Median Age of Buildings- Number of Structures by Units (SFR, Duplex, Triplex, Quadplex, etc...)- Median Rents by Number of Bedrooms- Unemployment Rate- Employment Sectors Percentages- Number of Building Permits Issued- Foreclosure Rate- School Ratings- Crime StatisticsWhen you consider all the variables listed above you will be better able to judge a locations tenant quality.Also take into consideration the direction in which each of these market indicators are trending.